OOCL turnaround on robust trans-Pacific results
Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing. The post OOCL turnaround on robust trans-Pacific results appeared first on FreightWaves.
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Orient Overseas Container Line experienced a significant turnaround during the second quarter of 2026, marking a shift from the softer market conditions observed in the first quarter to a much healthier operating environment by the end of June. The Hong Kong-based liner reported revenue for the quarter rose 19. 8% year over year to $2.
537 billion, up from $2. 118 billion in the same period of 2025. Growth was driven by improvements across volumes, utilization, and pricing. Total liftings increased by 8. 8% to 2. 135 million twenty foot equivalent units (TEUs), supported by a 6. 3% rise in loadable capacity and a 1. 9 percentage point improvement in the overall load factor.
Average liner revenue per TEU grew by 10. 1%, on firmer market conditions on major east-west trades rather than just increased volume. The performance varied across trade lanes, with the trans-Pacific route serving as a primary driver of upside. Volume jumped by 21. 5% to 608,979 TEUs, while revenue climbed 29. 3% to $973. 7 million.
Asia-Europe also saw gains, with liftings up 6. 9% and revenue increasing by 17. 6%. The Intra-Asia/Australasia region remained the largest revenue contributor at$850. 8 million, representing a 16. 8% year-over-year increase, while the trans-Atlantic trade remained relatively flat with a 1. 3% decline in revenue. First-half liner revenue grew 5. 5% to $4.
675 billion, with volume rising 5. 2% to 4. 132 million TEUs. The average liner revenue per TEU was nearly flat, up only 0. 2%, indicating that the strong performance in the second quarter effectively offset a weaker start to the year. Read more articles by Stuart Chirls here. Read more: NEW: Trade turbulence turns to record volume for top U. S.
port Jaxport adds new Asia-LatAm-Med container service DP World plans UAE port, container terminal to bypass Strait of Hormuz: Report Iran conflict drives up Asia-US container rate by 276% The post OOCL turnaround on robust trans-Pacific results appeared first on FreightWaves.
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This briefing is based on reporting from Freightwaves. Use the original post for full primary-source context.
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